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Barclays to price trigger callable yield notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., March 1 – Barclays Bank plc plans to price 7.1% to 8.1% trigger callable yield notes due March 8, 2018 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable quarterly. The exact interest rate will be set at pricing.
If each index finishes at or above its trigger level, 65% of its initial level, the payout at maturity will be par of $10. If any index finishes below its trigger level, investors will be fully exposed to the decline of the least-performing index.
The notes will be callable at par on any quarterly call notice date.
UBS Financial Services Inc. and Barclays are the agents.
The notes will price March 4.
The Cusip number is 06744K830.
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